Estonia

map Estonia
After the recession in 2023 and stagnation this year, Estonia’s economy is projected to rebound gradually in 2025-2026. The revival of export markets, businesses adapting to a multifaceted crisis, and the enhanced competitiveness of Estonian firms will all support growth in the coming years. However, despite the low starting point, the pace of recovery is expected to be slower than initially anticipated, due to moderate growth in foreign demand, subdued private consumption and the impact of stringent fiscal consolidation measures.
        FORECAST*
Main Economic Indicators202120222023202420252026
Population, 1000 persons133113491370...
GDP, real change in %7.20.1-3.00.22.63.0
GDP per capita (EUR at PPP)284303049031070...
Gross industrial production, real change in %13.31.8-12.3...
Unemployment rate - LFS, in %, average6.25.66.47.57.26.8
Average gross monthly wages, EUR154816451832...
Consumer prices, % p.a.4.519.49.13.42.82.1
Fiscal balance in % of GDP-2.6-1.1-2.9-3.2-4.3-3.4
Public debt in % of GDP18.419.120.2...
Current account in % of GDP-3.6-3.9-1.7-1.9-1.8-1.8
FDI inflow, EUR m633419214962...
Gross external debt in % of GDP84.684.489.2...


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

publication_icon

Monthly Report No. 7-8/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2024
45 pages including 5 Tables and 12 Figures

Details

publication_icon

Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


top